Kanda Tsushinki Co., Ltd. completed the acquisition of an additional 10% stake in Nissin Denshi Ltd. from Hitachi Kokusai Electric Inc..
April 31, 2015
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Kanda Tsushinki Co., Ltd. (JASDAQ:1992) agreed to acquire an additional 10% stake in Nissin Denshi Ltd. from Hitachi Kokusai Electric Inc. (TSE:6756) for ¥46 million on March 24, 2015. Kanda Tsushinki will acquire 1,000 shares of the 4,000 shares held by Hitachi Kokusai Electric and Nissin Denshi will acquire 3,000 shares as treasury shares, after the share transfer, Kanda Tsushinki's ratio of voting rights will become 100%. As of March, 2014, Nissin Denshi had net assets of ¥684 million, total assets of ¥1.4 billion, sales of ¥1.8 billion, operating profit of ¥143 million and net income of ¥104 million. The tentative contract conclusion and share transfer date is April 1, 2015.
Kanda Tsushinki Co., Ltd. (JASDAQ:1992) completed the acquisition of an additional 10% stake in Nissin Denshi Ltd. from Hitachi Kokusai Electric Inc. (TSE:6756) on April 1, 2015.
KANDA TSUSHINKI CO., LTD. is a Japan-based company mainly engaged in the information communication business. The Company has three business segments. The Information and Communications segment is engaged in the sale of telephone switching equipment, various network systems, information equipment and software, the planning, construction and support of information systems, as well as the sale, design, construction and maintenance of wireless-related equipment, closed-circuit television (CCTV), broadcasting and other electronic equipment, and the design and maintenance of telecommunications equipment. The Lighting Control segment is engaged in the planning, proposal, construction and support of lighting control equipment, as well as the provision of solutions tailored to society through taking advantage of the position as SIer of the international standard digital addressable lighting interface (DALI) control. The Real Estate segment is engaged in the leasing of owned real estate.
KANDA TSUSHINKI CO., LTD. 
